Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in APA Co. (NASDAQ:APA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 74,519 shares of the company's stock, valued at approximately $1,721,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brown Brothers Harriman & Co. raised its stake in APA by 1,087.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company's stock valued at $27,000 after acquiring an additional 1,077 shares during the period. Riverview Trust Co raised its stake in APA by 5,718.2% in the 4th quarter. Riverview Trust Co now owns 1,280 shares of the company's stock valued at $30,000 after acquiring an additional 1,258 shares during the period. Wilmington Savings Fund Society FSB raised its stake in APA by 77.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company's stock valued at $31,000 after acquiring an additional 586 shares during the period. Runnymede Capital Advisors Inc. bought a new stake in APA in the 4th quarter valued at about $35,000. Finally, Siemens Fonds Invest GmbH bought a new stake in APA in the 4th quarter valued at about $42,000. 83.01% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on APA shares. Wells Fargo & Company decreased their price target on APA from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Scotiabank decreased their price target on APA from $26.00 to $14.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Susquehanna decreased their price target on APA from $31.00 to $30.00 and set a "positive" rating on the stock in a research report on Tuesday, April 22nd. Royal Bank of Canada decreased their price target on APA from $27.00 to $24.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Finally, Argus upgraded APA to a "hold" rating in a research report on Friday, May 16th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $25.21.
Read Our Latest Research Report on APA
APA Price Performance
APA traded up $0.65 during midday trading on Friday, hitting $18.50. The stock had a trading volume of 6,670,916 shares, compared to its average volume of 6,983,328. The company has a market cap of $6.69 billion, a P/E ratio of 2.61 and a beta of 1.18. The business has a fifty day moving average of $16.57 and a 200 day moving average of $20.18. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. APA Co. has a 1 year low of $13.58 and a 1 year high of $33.41.
APA (NASDAQ:APA - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.23. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.17 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. APA's revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.78 earnings per share. As a group, equities analysts forecast that APA Co. will post 4.03 earnings per share for the current fiscal year.
APA Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Tuesday, July 22nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.41%. The ex-dividend date is Tuesday, July 22nd. APA's dividend payout ratio is currently 35.97%.
APA Profile
(
Free Report)
APA Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. It has oil and gas operations in the United States, Egypt, and North Sea. The company also has exploration and appraisal activities in Suriname, as well as holds interests in projects located in Uruguay and internationally.
Featured Articles
Before you consider APA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and APA wasn't on the list.
While APA currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
